Indian Exporter LT Foods Targets Margin Growth
Indian basmati rice exporter LT Foods highlighted its focus on sustainable margin growth and brand premiumization in its latest quarterly earnings call. The company's strategy involves optimizing its product mix towards higher-value items and investing in brand equity. This approach reflects a broader trend among major rice exporters to move beyond volume and focus on value-added products.
- LT Foods achieved a 35% year-over-year revenue growth in Europe in its latest earnings report, supported by its processing facility in Rotterdam and an expanding market reach. The company now holds an estimated 30% market share in Northern Europe. - India, a major competitor, lifted its 2023 ban on non-basmati white rice exports and removed the minimum export price on basmati rice in September-October 2024, which is expected to increase global supply. Following the policy shift, India's basmati rice exports for 2024 surged by 16.3
